The gaming monitors market is anticipated to be worth US$ 9.8 billion in 2023 and rise to US$ 18.40 billion by 2033. The global market recorded a CAGR of 6.5% from 2023 to 2033.
Professional gamers’ expanding need for gaming monitors, the popularity of gaming competitions, and the rise of e-sports are the key growth factors of the market. In the upcoming years, market growth is anticipated to be fueled by increased consumer demand for high-display quality and gaming experiences, as well as rising disposable income among consumers.
Companies are emphasizing the production of displays with 4K and 8K resolution as the demand for higher-resolution panels increases. As businesses work to give players the best possible image quality, this trend is anticipated to continue.
The emergence of ultra-wide monitors is another well-liked trend in gaming monitors. These displays can provide a substantially broader field of view and often have a 21:9 aspect ratio. For those who desire a greater view of their surroundings in games like first-person shooters, this can be ideal.
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Key Takeaways:
- By 2033, the United States is likely to dominate the gaming monitors market, with a size of US$ 3.91 billion and a CAGR of 5%.
- The gaming monitors market was significantly expanding, with a size of US$ 9.28 billion in 2022.
- The market shows amazing opportunities due to higher sales of VA panels, and expects a Y-o-Y growth of 6.5% in 2023.
- The market in China is anticipated to expand at an adequate CAGR of 6.6% by 2033.
- In 2023, Germany is likely to expand in the gaming monitors market, with a size of US$ 130 million.
- By 2033, the gaming monitors sector is likely to increase in Canada, with a size of US$ 579.1 million.
- The market in the United Kingdom is anticipated to expand at an adequate CAGR of 6.9% by 2033.
- Based on the panel type, the VA panel segment led the market CAGR of 6.6% by 2033.
- Based on end users, the consumer continues to dominate the sector during the forecast period, with a CAGR of 6.5%.
- Based on the sales channel, the online segment continues to dominate the sector during the forecast period, with a CAGR of 6.8%.
Key Strategies in the Industry
More manufacturers are now competing in the market and creating higher-quality goods as a result of the growing demand for gaming monitors. As a result, gaming monitors are now more reasonably priced. The gaming monitors industry is anticipated to develop as a result of the growing gaming population and the demand for improved gaming experiences.
In order to provide a better gaming experience, businesses are also making significant investments in the development of new technologies, like high dynamic range (HDR) and quantum dot (QD) technology.
Key players:
- Samsung Electronics Co. Ltd.
- Dell Inc.
- AOC Systems Incorporated
- LG Electronics
- Lenovo Group Limited
- Acer Inc.
- MICRO-STAR INTERNATIONAL CO. LTD.
Recent Developments
- In 2020, AOC released a gaming monitor with cutting-edge features. The company debuted the Agon AG273QCG, a gaming monitor with a curved design, a 1 ms response time, and a refresh rate of up to 165 Hz, in June 2020.
- The Odyssey G7 and G9 curved gaming displays from Samsung, which use Quantum Dot technology to produce vivid colors and deep blacks, were just released. The CHG90 from Samsung, a curved QLED gaming monitor with a 32:9 aspect ratio and 144 Hz refresh rate, is also available.
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Key Segmentation:
By Panel Type:
- IPS Panel
- TN Panel
- VA Panel
By Screen Size:
- Less Than 27 Inch
- 27-32 Inch
- More Than 32 Inch
By Sales Channel:
- Online Stores
- Offline Stores
By End User:
- Commercial
- Consumers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- The Middle East & Africa (MEA)
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